Delgado Community College Foundation
- Assets
- $11.2m
- Revenue
- $1.5m
- Investments
- $6.6m
- Employees
- 1
- Location
- New Orleans, LA
- Founding
- 11/1988
- Data as of
- 06/2021
- EIN
- 72-1123204
Organization Overview
Delgado Community College Foundation is located in New Orleans, LA. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delgado Community College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Delgado Community College Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $982.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Delgado Community College Foundation has awarded 26 individual grants totaling $10,320,516. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO DEVELOP PRIVATE FINANCIAL RESOURCES FOR THE COLLEGE. THESE RESOURCES ARE USED TO PROMOTE AND ENHANCE EDUCATIONAL PROGRAMS, FUND SCHOLARSHIPS, AND TO SEEK EXTERNAL REVENUES, PRIVATE PHILANTHROPIC AND ADVOCACY SUPPORTING FUNDS FOR THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED THE EDUCATIONAL AND CULTURAL WELFARE OF DELGADO COMMUNITY COLLEGE BY ON-GOING CONSTRUCTION OF THE STUDENT LIFE CENTER ON DELGADO'S CAMPUS TO PROVIDE BROADER EDUCATIONAL ADVANTAGES AND OPPORTUNITIES.
PROVIDED OPERATING CAPITAL FUNDS TO DELGADO COMMUNITY COLLEGE.
PARTNERSHIP WITH THE U.S. NAVY TO SUPPORT EXISTING EDUCATION, TRAINING, AND WORKFORCE DEVELOPMENT OF THE MARITIME INDUSTRY TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nita Hutter Meins Executive Director | Officer | 10 | $66,054 |
Ronald Russo Foundation Accountant | Officer | 10 | $17,308 |
Leon L Giorgio Jr Chairman | OfficerTrustee | 1 | $0 |
Pastor Charles J Southall III Secretary | OfficerTrustee | 1 | $0 |
Ann D Duplessis Director | Trustee | 1 | $0 |
Dino Paternostro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,167,139 |
| Investment income | $4,350 |
| Tax Exempt Bond Proceeds | $82,807 |
| Royalties | $0 |
| Net Rental Income | $108,995 |
| Net Gain/Loss on Asset Sales | $122,944 |
| Net Income from Fundraising Events | $59,352 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,545,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,052 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,479 |
| Advertising and promotion | $0 |
| Office expenses | $3,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,270 |
| All other expenses | $0 |
| Total functional expenses | $982,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,969 |
| Savings and temporary cash investments | $1,942,428 |
| Pledges and grants receivable | $750,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,627,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,777,579 |
| Total assets | $11,201,133 |
| Accounts payable and accrued expenses | $274,834 |
| Grants payable | $0 |
| Deferred revenue | $2,736,427 |
| Tax-exempt bond liabilities | $1,983,078 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $109,315 |
| Total liabilities | $5,103,654 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,097,479 |
Grants Awarded
Over the last fiscal year, Delgado Community College Foundation has awarded $709,886 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DELGADO COMMUNITY COLLEGE PURPOSE: SUPPORT OF NAVY TRAINING | $592,220 |
DELGADO COMMUNITY COLLEGE PURPOSE: SUPPORT OF DEPARTMENTS AND COLLEGE | $70,831 |
DELGADO COMMUNITY COLLEGE PURPOSE: SUPPORT OF ATHLETIC PROGRAM | $46,835 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Delgado Community College Foundation has recieved totaling $8,452,747.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $5,005,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO SUPPORT CREDENTIALS FOR OPPORTUNITY YOUTH IN DELGADOS HOSPITALITY AND ALLIED HEALTH PROGRAMS. | $1,275,000 |
Goldman Sachs Foundation New York, NY PURPOSE: GRANT TO SUPPORT THE IMPLEMENTATION OF THE 10,000 SMALL BUSINESESS INITIATIVE IN LA. | $737,942 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO SUPPORT CREDENTIALS FOR OPPORTUNITY YOUTH IN DELGADOS HOSPITALITY AND ALLIED HEALTH PROGRAMS. | $630,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $300,000 |
Gayle And Tom Benson Charitablefoundation Metairie, LA PURPOSE: CHARITABLE | $250,000 |
Endowment Analysis
| Beg. Balance | $132,729 |
| Earnings | $33,783 |
| Ending Balance | $166,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |